EOS Network rebrands to Vaulta in shift to Web3 banking

The EOS Network, a blockchain that launched in 2018 amid the initial coin offering boom, has rebranded to Vaulta and will pivot to focusing on Web3 banking. 

The switch to Vaulta is tentatively scheduled for the end of May and will include a new token and the establishment of an advisory group known as the Vaulta Banking Advisory Council to help with the firm’s new direction, the company said in a March 18 statement.

In a separate statement, the firm said the network’s EOS (EOS) token will transition to the Vaulta Token, which will be available on the nearly 140 exchanges where EOS trades and through a swap portal available in May. It added that the token’s ticker and technical details will be revealed at a later date. 

Banking, EOS

Source: EOS Network

Vaulta will also inherit EOS Network’s underlying infrastructure, including integration with the Bitcoin digital banking solution, exSat, which complements Vaulta’s BankingOS system, offering a suite of financial services through partnerships with Ceffu, Spirit Blockchain and Blockchain Insurance Inc. 

EOS Network’s rebranding to Vaulta marks a significant course correction for the blockchain,  which launched to great fanfare in June 2018 off the back of a year-long and largest-ever $4.1 billion ICO run by the company behind the network, Block.one.

Following its launch, EOS was a top 10 project by market cap for several years. But its value has been in steady decline and is now just inside the top 100, sitting at 95, according to CoinGecko.

There’s a range of opinions about where EOS went wrong. Some who volunteered to assist in developing the network say there was a lack of support and direction from Block.one. 

Related: Tracing the evolution of Blockchain, with Eos Network Foundation exec

Block.one made a $24 million settlement with the Securities and Exchange Commission in September 2019, and some commentators argued that the firm’s focus then shifted from EOS’ base tech to other projects — like the social app-turned-NFT marketplace Voice and the crypto exchange Bullish.

Goodblock CEO Douglas Horn believes EOS investors were misled from the start, telling Cointelegraph Magazine in 2023 that “Block.one did a deceitful ICO, whether that was planned from the beginning or not.”

Magazine: Whatever happened to EOS? Community shoots for unlikely comeback

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Hacker breaks into AI crypto bot aixbt’s dashboard to snatch 55 ETH

An attacker has breached the dashboard of an artificial intelligence crypto bot and made two prompts for it to transfer 55.5 Ether, worth $106,200, from its wallet, sparking concerns about the security of AI agents in crypto.

In a March 18 X post, “rxbt” — the maintainer of the bot called “aixbt,” which commentates on the market — said its core systems weren’t impacted, and the breach wasn’t the result of manipulating the AI.

“We’ve migrated servers, swapped keys, paused dashboard access for security upgrades, and reported hacker addresses to exchanges,” rxbt added.

Hacker breaks into AI crypto bot aixbt’s dashboard to snatch 55 ETH

Source: rxbt

CoinGecko data shows that the aixbt (AIXBT) token on the Ethereum layer 2 Base has fallen 15.5% to 9 cents since the hack, which happened on March 18 at 1:58 am UTC.

Observers initially thought someone had manipulated the bot, after the AI agent platform Simulacrum AI posted to X that it sent a 55.5 Ether (ETH) tip to the attacker, X user “0xhungusman,” whose account has since been suspended.

Hacker breaks into AI crypto bot aixbt’s dashboard to snatch 55 ETH

Source: Simulacrum AI

AI-powered bots that commentate on and trade in the crypto market, such as aixbt, ai16z and Truth Terminal, continue to be experimented with in crypto as traders look to leverage AI in their trading strategies.

Spencer Farrar, a partner at the AI and crypto-focused venture capital firm Theory Ventures, told Cointelegraph that these AI applications are “a bit frothy” at the moment, but more utility could come down the line.

Farrar expects to see further experimentation with crypto AI tokens, as they allow retail investors to speculate on smaller market cap ideas that largely aren’t as accessible in the stock market.

“Things tend to start off like this in the open-source world; you see a ton of tinkering, and then perhaps we’ll see something really big come of it.”

Related: Not every AI agent needs its own cryptocurrency: CZ

Decentralized AI researcher “S4mmy” said on X that AI agents managing crypto funds must be battle-tested further to ensure threat actors can’t easily compromise AI bots and steal funds.

“Excited to see how these solutions evolve over the next 12 months as large DeFi protocols integrate existing solutions or develop their own,” they added.

Hacker breaks into AI crypto bot aixbt’s dashboard to snatch 55 ETH

Source: rxbt

The market capitalization of tokens tied to AI agents currently sits at $4.2 billion, CoinGecko data shows.

Magazine: Train AI agents to make better predictions… for token rewards

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Four.Meme resumes operations after $120K sandwich attack

The BNB Chain-based memecoin launch platform Four.Meme has resumed operations after being hit with a sandwich attack that exploited it for around $120,000.  

Four.Meme said in a March 18 X post that its launch function was back after inspecting and addressing a security issue. It had earlier suspended the function to investigate it, saying it was “under attack.”

“The launch function has now been resumed after a thorough security inspection. Our team has addressed the issue and reinforced system security. Compensation for affected users is underway,” the Four.Meme team said. 

Four.Meme resumes operations after $120K sandwich attack

Source: Four.Meme

Web3 security firm ExVul said in a March 18 X post that the exploit appeared to be a market manipulation technique known as a sandwich attack that netted the attacker $120,000. 

It said the attacker “pre-calculated the address for creating the liquidity pool’s trading pair” and utilized one of the platform’s functions to purchase tokens, which successfully bypassed Four.Meme’s token transfer restrictions.

“Subsequently, the hacker lay in wait for Four.Meme to add liquidity to the transaction, ultimately siphoning off the funds,” ExVul added.

Four.Meme resumes operations after $120K sandwich attack

Source: ExVul

Blockchain security firm CertiK came to a similar conclusion and said the attacker transferred an imbalanced amount of un-launched tokens to pair addresses before the pair was created, then manipulated the price at launch to sell them afterward for profit. 

“In this case of SBL token, for example, the attacker sent a bit of SBL token to the pre-calculated pair address in advance, then profited 21.1 BNB by sandwiching the add liquidity transaction at launch,” CertiK said. 

Four.Meme resumes operations after $120K sandwich attack

Source: CertiK

The tactic saw the attacker leave with at least 192 BNB (BNB), worth about $120,000, which they sent to the decentralized crypto exchange FixedFloat, according to CertiK. 

Related: Pump.fun memecoins are dying at record rates, less than 1% survive

It’s the second time that Four.Meme has been attacked in as many months, with a Feb. 11 exploit resulting in the loss of about $183,000 worth of digital assets.

Across the broader crypto industry, February saw $1.53 billion in losses to scams, exploits and hacks, with the $1.4 billion Bybit hack accounting for the lion’s share. 

Blockchain analytics firm Chainalysis says the past year saw $51 billion in illicit transaction volume, partly due to crypto crime entering a professionalized era dominated by AI-driven scams, stablecoin laundering, and efficient cyber syndicates. 

Magazine: Memecoins will die and DeFi will rise again — Sasha Ivanov 

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ETH price prospects dim as Ethereum DEX volumes drop 34% in a week

Ether (ETH) price fell below $2,200 on March 9 and has struggled to recover since. The altcoin is down 14% in March and the decline has hurt investor sentiment, especially as the broader crypto market only dropped 4% in the same period. 

Adding to the bearish sentiment, traders are also worried about further ETH price corrections after a 34% weekly drop in decentralized exchange (DEX) activity on the Ethereum network.

ETH price prospects dim as Ethereum DEX volumes drop 34% in a week

Blockchains ranked by 7-day DEX volumes, USD. Source: DefiLlama

DEX volumes on Ethereum dropped 34% in the last seven days, a trend that also affected its layer-2 solutions like Base, Arbitrum, and Polygon. The market slump hit some Ethereum competitors, too, with Solana’s DEX activity down 29% and SUI’s down 17%. On the other hand, BNB Chain saw a 27% weekly volume increase, while Canto surged an impressive 445%.

Ethereum’s negative volume trends include an 85% drop for Maverick Protocol and a 46% decline for DODO compared to the previous week. More notably, fees on PancakeSwap—the top DEX on BNB Chain—surpassed those on Uniswap. While Ethereum remains the leader in DEX volumes, falling fees are reducing demand for ETH.

ETH price prospects dim as Ethereum DEX volumes drop 34% in a week

Top protocols ranked by 7-day fees, USD. Source: DefiLlama

PancakeSwap, which operates exclusively on BNB Chain, generated $22.3 million in fees over seven days, surpassing Uniswap, which runs on Ethereum, Base, Arbitrum, Polygon, and Optimism. Other signs of Ethereum’s fee weakness include Lido trailing Solana’s Jupiter and AAVE, the leading Ethereum-based lending protocol, generating less in fees than Meteora, a Solana-based automated market maker and liquidity provider. 

Ethereum leads in total value locked, but the gap is narrowing

On the positive side, Ethereum remains the dominant leader in total value locked (TVL) at $47.2 billion, but a 9% weekly decline has significantly narrowed the gap with competitors. Furthermore, its layer-2 ecosystem showed increasing signs of weakness over the seven days leading up to March 18.

ETH price prospects dim as Ethereum DEX volumes drop 34% in a week

Top blockchains ranked by total value locked, USD. Source: DefiLlama

Solana’s TVL dropped 3%, while BNB Chain saw a 6% increase in deposits compared to the prior week. Negative highlights for Ethereum’s TVL include an 11% decline in Stargate Finance over seven days, a 9% drop in deposits on Maker, and a 6% decline on Spark.

Ethereum’s weakening onchain metrics aligned with reduced demand for leveraged longs in ETH futures, as their premium over spot markets fell below the 5% neutral threshold, signaling weaker confidence from traders.

ETH price prospects dim as Ethereum DEX volumes drop 34% in a week

Ether 2-month futures annualized premium. Source: laevitas.ch

The current 3% annualized ETH futures premium is the lowest in over a year, highlighting weak demand from bullish traders. Meanwhile, spot Ethereum exchange-traded funds (ETFs) have recorded $293 million in net outflows since March 5, signaling waning institutional interest.

After Pectra upgrade, ETH needs a competitive edge and sustainable adoption’ 

Ethereum is also facing growing competition from Solana in the memecoin sector, particularly after the launch of the Official Trump (TRUMP) token. Simultaneously, Tron and Solana have captured a combined $75 billion in stablecoins by leveraging lower transaction fees. Adding to the pressure, Hyperliquid perpetual futures introduced its own blockchain, further challenging Ethereum’s market position.

Related: Hyperliquid opened doors to ‘democratized’ crypto whale hunting: Analyst

All of this unfolded amid heated debates among investors and developers over whether Ethereum layer-2 solutions are disproportionately benefiting from extremely low rollup fees. Essentially, the decline in the DEX market share reflects waning institutional interest, particularly as Ethereum’s native staking yield sits at just 2.3% when adjusted for inflation-driven supply growth.

For Ether to regain momentum, it must demonstrate a clear competitive edge. The upcoming ‘Pectra’ upgrade needs to provide a viable path for sustainable user adoption; otherwise, the odds remain stacked against ETH outperforming its rivals.

This article is for general information purposes and is not intended to be and should not be taken as legal or investment advice. The views, thoughts, and opinions expressed here are the author’s alone and do not necessarily reflect or represent the views and opinions of Cointelegraph.

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President Trump fired the two Democratic members of the Federal Trade Commission (FTC) on Tuesday, setting up a challenge to a 1935 Supreme Court precedent prohibiting the firing of FTC commissioners for reasons other than “good cause.” The White House terminated commissioners Rebecca Kelly Slaughter and Alvaro Bedoya earlier Tuesday, The New York Times reported. […]

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Sunita “Suni” Williams and Barry “Butch” Wilmore have returned to Earth after a nine-month stay on the International Space Station (ISS) — a trip that lasted far longer than originally planned thanks to leaks and thruster problems on the Boeing Starliner spacecraft they used to get there. Williams and Wilmore splashed down in the Gulf […]

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Nvidia is collaborating with Disney Research and Google DeepMind to develop Newton, a physics engine to simulate robotic movements in real-world settings, Nvidia CEO Jensen Huang announced at GTC 2025 on Tuesday. Disney will be among the first to use Newton to power its next-generation entertainment robots, like the Star Wars-inspired BDX droids — one […]

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On Tuesday, Vice President J. D. Vance said that the Trump administration’s support of AI and tech innovations should benefit both populists and those investing and leading tech companies.  “I think there’s too much fear that AI will simply replace jobs rather than augmenting so many of the things that we do now,” said Vance […]

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Elon Musk’s role overseeing the Department of Government Efficiency (DOGE) is likely a violation of the U.S. Constitution’s appointments clause, a federal judge wrote Tuesday. Theodore Chuang, a judge in the U.S. District Court for the District of Maryland, wrote in an opinion there is more than enough evidence — mostly from statements made by […]

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Around 1,400 infants are being infected by HIV every day as a result of the new US administration’s cuts to funding to AIDS organizations, new modeling suggests.

In an executive order issued January 20, President Donald Trump paused new foreign aid funding to global health programs, and four days later, US Secretary of State Marco Rubio issued a stop-work order on existing foreign aid assistance. Surveys suggest that these changes forced more than a third of global organizations that provide essential HIV services to close within days of the announcements. 

Hundreds of thousands of people are losing access to HIV treatments as a result. Women and girls are missing out on cervical cancer screening and services for gender-based violence, too. A waiver Rubio later issued in an attempt to restore lifesaving services has had very little impact. 

“We are in a crisis,” said Jennifer Sherwood, director of research, public policy, at amfAR, the Foundation for AIDS Research, at a data-sharing event on March 17 at Columbia University in New York. “Even funds that had already been appropriated, that were in the field, in people’s bank accounts, [were] frozen.” 

Rubio approved a waiver for “life-saving” humanitarian assistance on January 28. “This resumption is temporary in nature, and with limited exceptions as needed to continue life-saving humanitarian assistance programs, no new contracts shall be entered into,” he said in a statement at the time.

The US President’s Emergency Plan for AIDS Relief (PEPFAR), which invests millions of dollars in the global AIDS response every year, was also granted a waiver February 1 to continue “life-saving” work. 

Despite this waiver, there have been devastating reports of the impact on health programs across the many low-income countries that relied on the US Agency for International Development (USAID), which oversees PEPFAR, for funding. To get a better sense of the overall impact, amfAR conducted two surveys looking at more than 150 organizations that rely on PEPFAR funding in more than 26 countries. 

“We found really severe disruptions to HIV services,” said Sherwood, who presented the findings at Columbia. “About 90% of our participants said [the cuts] had severely limited their ability to deliver HIV services.” Specifically, 94% of follow-up services designed to monitor people’s progress were either canceled or disrupted. There were similarly dramatic disruptions to services for HIV testing, treatment, and prevention, and 92% of services for gender-based violence were canceled or disrupted.

The cuts have plunged organizations into a “deep financial crisis,” said Sherwood. Almost two-thirds of respondents said community-based staff were laid off before the end of January. When the team asked these organizations how long they could stay open without US funding, 36% said they had already closed. “Only 14% said that they were able to stay open longer than a month,” said Sherwood. “And … this data was collected longer than a month ago.”

The organizations said tens of thousands of the people they serve would lose HIV treatment within a month. For some organizations, that figure was over 100,000, said Sherwood. 

Part of the problem is that the stop-work order came at a time when these organizations were already experiencing “shortages in commodities,” Sherwood said. Typically, centers might give a person a six-month supply of antiretroviral drugs. Before the stop-work order, many organizations were only giving one-month supplies. “Almost all of their clients are due to come back and pick up [more] treatments in this 90-day freeze,” she said. “You can really see the panic this has caused.”

The waiver for “life-saving” treatment didn’t do much to remedy this situation. Only 5% of the organizations received funds under the waiver, while the vast majority either were told they didn’t qualify or had not been told they could restart services. “While the waiver might be one important avenue to restart some services, it cannot, on the whole, save the US HIV program,” says Sherwood. “It is very limited in scope, and it has not been widely communicated to the field.”

AmfAR isn’t the only organization tracking the impact of US funding cuts. At the same event, Sara Casey, assistant professor of population and family health at Columbia, presented results of a survey of 101 people who work in organizations reliant on US aid. They reported seeing disruptions to services in humanitarian responses, gender-based violence, mental health, infectious diseases, essential medicines and vaccines, and more. “Many of these should have been eligible for the ‘life-saving’ waivers,” Casey said.

Casey and her colleagues have also been interviewing people in Colombia, Kenya, and Nepal. In those countries, women of reproductive age, newborns and children, people living with HIV, members of the LGBTQI+ community, and migrants are among those most affected by the cuts, she said, and health workers, who are primarily women, are losing their livelihoods.

“There will be really disproportionate impacts on the world’s most vulnerable,” said Sherwood. Women make up 67% of the health-care workforce, according to the World Health Organization. They also make up 63% of PEPFAR clients. PEPFAR has supported gender equality and services for gender-based violence. “We don’t know if other countries or other donors … can or will pick up these types of programs, especially in the face of competing priorities about keeping people on treatment and keeping people alive,” said Sherwood.

Sherwood and her colleagues at amfAR have also done some modeling work to determine the potential impact of cuts to PEPFAR on women and girls, using data from last year to create their estimates. “Each day that the stop-work order is in place, we estimate that there are 1,400 new HIV infections among infants,” she said. And every day, over 7,000 women stand to miss out on cervical cancer screenings.

The funding cuts have also had a dramatic effect on mental-health services, said Farah Arabe, who serves on the advisory board of the Global Mental Health Action Network. Arabe presented the preliminary findings of an ongoing survey of mental-health organizations from 29 countries that receive US aid. “Unfortunately, this is a very grim picture,” she said. “Only 5% of individuals who were receiving services in 2024 will be able to receive services in 2025.” 

The same goes for children and adolescents. “This is a particularly sad picture because children … are going through brain development,” she said. “Impacts … at this early stage of life have lifelong impacts on academic achievement, economic productivity, mental health, physical health … even the ability to parent the next generation.” 

For now, nonprofits and aid and research organizations are scrambling to try to understand, and potentially limit, the impact of the cuts. Some are hoping to locate new sources of funding, independent of the US. 

“I am deeply concerned that progress in disease eradication, poverty reduction, and gender equality is at risk of being reversed,” said Thoai Ngo of Columbia University’s Mailman School of Public Health, who chaired the event. “Without urgent action, preventable deaths will rise, more people will fall into poverty, and as always, women and girls will bear the heaviest burden.”

On March 10, Rubio announced the results of his department’s review of USAID. “After a 6 week review we are officially cancelling 83% of the programs at USAID,” he shared via the social media platform X. 

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